TASHKENT, Uzbekistan, March 1. The Central Asia
Water and Energy Program (CAWEP), administered by the World Bank,
has signed a $3.2 million grant agreement with the Coordination and
Dispatch Center "Energia" (KDC Energia) to support the
establishment of a regional electricity market in Central Asia,
Trend reports via the
World Bank.
The agreement was formalized by World Bank Regional Director for
Central Asia Najy Benhassine and KDC Energia Director General
Khamidulla Shamsiev.
The funding will support the initial phase of developing a
regional electricity market, including the launch of a pilot
trading platform, the establishment of a regional market operator
function, and the strengthening of interstate coordination
mechanisms to enhance cooperation in electricity generation and
transmission.
The grant forms part of the Regional Electricity Market and
Energy Systems Integration in Central Asia (REMIT) program,
approved by the World Bank in January 2026. The program provides
financing of more than $1 billion through 2035 and aims to
strengthen regional energy connectivity, increase cross-border
electricity trade, expand transmission capacity, and facilitate the
integration of renewable energy sources.
CAWEP is a partnership between the World Bank, the European
Union, Switzerland, and the United Kingdom focused on enhancing
water and energy security in Central Asia amid climate change
challenges.
